In every company vendor Invoice has to pass through various stakeholder for approvals before it is final paid. In the entire process vendor has no visibility of the status of outstanding invoice. In the entire process vendor and company both spent lots of energy in follow-up / explaining the exact status of Invoice and payment schedule.
For any finance department tracking each and every vendor invoice status on real time is difficult because it travels through different departments in the company for approvals. To overcome this challenge, Spectra have developed a mechanism with the help of technology, process mapping and manual interface to track down or monitor the invoice status through Vendor Help Desk services.